Households to be shielded more from failed energy supplier costs, says watchdog

UK households are set to receive stronger financial protections if their energy supplier goes bust (Jacob King/PA) - (PA Wire)

UK households are set to receive stronger financial protections if their energy supplier goes bust thanks to new reforms, the energy regulator has said.

Ofgem said it is launching a new rule which will make failed suppliers liable for the costs of transferring their customers to new firms.